Palo Alto Wealth Advisors LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,946 shares of the e-commerce giant’s stock, valued at approximately $751,000. Amazon.com comprises about 0.6% of Palo Alto Wealth Advisors LLC’s holdings, making the stock its 24th largest holding.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after purchasing an additional 12,456,995 shares during the period. State Street Corp boosted its holdings in shares of Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after buying an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC boosted its holdings in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after buying an additional 90,167,792 shares during the period. 57.64% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now directly owns 137,300 shares in the company, valued at $13,959,291. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now directly owns 137,300 shares in the company, valued at $13,959,291. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $105.00, for a total transaction of $420,000.00. Following the sale, the chief executive officer now owns 552,298 shares in the company, valued at $57,991,290. The disclosure for this sale can be found here. Insiders have sold 50,259 shares of company stock worth $4,866,360 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.
Amazon.com Trading Up 2.0 %
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same period in the prior year, the company posted $0.21 earnings per share. Amazon.com’s revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 1.54 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Tigress Financial reiterated a “buy” rating and issued a $192.00 price target on shares of Amazon.com in a report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. Bank of America boosted their price objective on shares of Amazon.com from $135.00 to $139.00 in a research report on Friday, April 28th. Wedbush boosted their price objective on shares of Amazon.com from $125.00 to $129.00 in a research report on Friday, April 28th. Finally, JMP Securities reissued a “market outperform” rating and issued a $140.00 price objective on shares of Amazon.com in a research report on Wednesday, April 19th. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $143.12.
Amazon.com Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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